Avision BD

December I , 201 5


THE PHILIPPIN E STOCK EXCHANG E

Tower One and Exchange Plaza Aya la Triangle, Ayala Avenue Makati City


Attenti on: M s. J anet A. Encarnacion

Head, Disclosure Departm ent


Ms. Dianne Ei leen A. Cenidoza A nalyst. Disclosure Department


PHI LI PPINE DEA LING & EXCHANG E CORP.

37/F, Tower I , The Enterprise Center

6766 Ayala Ave., cor. Paseo de Roxas, Makati City


Attention: Ms. Vina Vanessa S. Salonga

Head, Issuer Compl iance and Disclosure Department (ICDD)


Lad ies and Gent leman:


Please be informed that the Board of Directors of BDO U n iban k , I nc. (the 'Bank'), at its regu lar Board meeting held last Saturday, November 28, 2015, accepted the resignation of Mr. Cheo Chai Hong as Director of the Bank. /t the same meeting, he was appointed as Board Adviser.

Moreover. the Board approved the appointment of the fol lowing Senior V ice Presidents (SV Ps): I . M r. Richard Grau , second ed to BDO Private Bank, Inc., effect ive December I , 20 1 5;

  1. M r. Donald G. Limcaco, Transact ion Banking Group, effecti ve December I , 2015: and

  2. Mr. Romeo Ramon Martin Co, J r., Instit utional Banking G rou p, effective January I I , 20 16.


Mr. Grau graduat ed with honors at Rutgers Un iversity with a degree in Bachelor of Science Major in Management. He holds a Master 's Degree in Business Ad m inistration Major i n Finance/Accounti ng at New York U n iversity, Leonard N. Stern School of Business. He has more than twenty (20) yea rs experience in the banking industry. He served as Sen ior Vice President and Portfolio Manager at Neuberger Berman Group LLC, New York, New York from 2009 to 20 1 5 and V ice President and Trad ing Manager and Assistant Portfol io Manager from 2006 to 2009.


Mr. Limcaco graduated from De La Salle Un iversity with a degree in Bachelor of Science Major i n Computer Science. He has more than twenty (20) years experience in the banking industry. H e is Sen ior Vice Presiden t in e-Commerce and Consumer Marketing Technology G loba l Enterpri se Applications at Bank of America, New York, USA from Apri l 2008 to present. I le also worked as First Vice President in A ppl ication Devel opment Ent erprise Appl ications and Services at Countryw ide Finance Corporation from September 2004 to March 2008.


M r. Co graduated with honors at The London School of Economics and Political Science, Un iversity of London with a degree in Bachelor of Science in Economics . I-l e has more than twenty (20) years experience in the ban king industry. He served as Head of Non-Bank Financial Institutions for Asia!f ransaction Services Financial Instituti ons International Ban king at The Royal Bank of Scot land pie,

BOO Unibank.Inc. BOO Coroorate Center 7899 Makat, Avenue

Makat, City 0726. Ph1l1pp,nes Swift Code BNORPHMM

Tel +63(2) 840 7000


www.bdo com oh We find ways·

Hong Kong from February 20 12 to present and Head of Non-Bank Financial Institution Sales for Asia/Global Transaction Services Financial institutions from June 2009 to February 2012. He also worked as SVP and Head of Non-Bank Financial Institutions Sales Asia and Transaction Ban king Financia l Institution Asia Business Manager at ABN AMRO Bank N.Y., Hong Kong from May 2007 to J une 2009.


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Moreover , the Board accepted the resignation of Mr. Rafael Gamboa Besa, SYP and I lead of Marketi ng Commun ications Group effecti ve January 1, 20 16, subject to clearance of any accountabi l ity.


Than k you .


Very tru ly yours,


......... -­

MA. CECI LIA S. SANTOS

FVP/Alternate Corporate I nforrnation Officer


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